Disclosure of increases in holdings of Stellar Capital ordinary shares STELLAR CAPITAL PARTNERS LIMITED Incorporated in the Republic of South Africa (Registration number: 1998/015580/06) Share code: SCP ISIN: ZAE000198586 ("Stellar Capital" or the "Company”) DISCLOSURE OF INCREASES IN HOLDINGS OF STELLAR CAPITAL ORDINARY SHARES Shareholders are referred to the announcement published on the Stock Exchange News Service on 30 March 2021 in which they were advised of the implementation of the Manco Internalisation. In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008, as amended (“the Act”), and paragraph 3.83(b) of the Listings Requirements of the JSE Limited, shareholders are hereby advised that the Company has received formal notifications of the following increases in holdings in the ordinary shares of the Company: Foxglove Capital Resources Limited’s interest in the total issued ordinary shares of the Company has increased to 32.33% as a result of the implementation of the Manco Internalisation. K2016225267 (South Africa) Proprietary Limited’s interest in the total issued ordinary shares of the Company has increased to 9.55% as a result of the implementation of the Manco Internalisation. As required in terms of section 122(3)(a) of the Act, the Company has filed the required notices with the Takeover Regulation Panel. The board of directors of Stellar Capital accepts responsibility for the information contained in this announcement as it relates to the Company and confirms that, to the best of its knowledge and belief, such information relating to the Company is true and that this announcement does not omit anything likely to affect the importance of such information. Cape Town 9 April 2021 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited Date: 09-04-2021 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.